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HomeTop Global NewsAfter investors approve trump truth social may make $3 billion.

After investors approve trump truth social may make $3 billion.

Just hours after its launch, Trump Truth Social, a new social media network, brags of its targeting of former US President Donald Trump. The merger between Digital World Acquisition Corp. and Trump Media & Technology Group, which runs the Truth Social IT platform, has received approval from the company’s shareholders. The estimated net worth of the deal may exceed one billion dollars or perhaps more.

Here are the key points:

  • Approval: Investors of Digital World Acquisition Corp. have approved that the merger between Trump Media & Technology Group and the corporation may take place.
  • Potential Windfall: If everything runs smoothly, then Trump’s shareholding in the enlarged firm will reach 60% and its worth could be around $3 billion or even more.
  • Trading Symbol: DJT stock will be started by the merged company’s shares possibly next week, since it is the indicator initial letters of Trump by language.
  • Restrictions: But, Trump shares couldn’t be sold at the fund start; it has a lock-up period for six months. Here, the shareholders board has the ability to move in the favor of early profit gain by overturning the restriction, so it continues to be credited and possible only in future outputs.

Another thing newsworthy has been Truth Social experiencing a significant failure, during which users are prevented from seeing personal profiles. While the difficulties could not be avoided, this decision is still worth at least to save the platform and bring financial aid to Donald Trump.

What is Trump Truth Social?

Truth Social is social media a social network that has been endorsed by Donald Trump. The very purpose of it was to provide an outlet for users who were uncomfortable with the popularity of the traditional platforms Twitter and Facebook. Here are the key details about Truth Social:

Here are the key details about Truth Social:

Purpose:

  • After getting banned for good on Twitter by Donald Trump in 2021, the ex-US President created his new social media network called the Truth Social, which is mostly about fighting with “the Big Tech tyranny” by offering users a unique platform for socializing.

Ownership and Entities:

  • Trump Media & Technology Group (TMTG): On Feb 1st, 2021, this social platform was created by the Trump Media & Technology Company under the leadership of the former US president; the Truth Social is the operating brand name. The president of Nunes’ non-profit charity is a former a US Rep. Devin Nunes.
  • Digital World Acquisition Corp. (DWAC): An SPAC running in the public markets that counts the banker, Patrick Orlando, as it’s founder. The DWAC merger agreement with TMTG is to take TMTG from being a private organization to one which will be a publicly traded company.

Platform Focus:

  • Free Speech: One of the best parts of Truth Social is that it is designed to provide open and honest discussion without a lot of “censorship” like Twitter and Facebook have.
  • Conservative Viewership: Such a platform is targeted to appeal conservative users and to combat against what they called “culture of the awakening” rather than moderating content or providing accessibility.

In short, Truth Social enables for the possession of a free discourse forum on a political level without judgment of any other political views. Let’s see how 2GO will perform in the range of ongoing changes of the social media platform landscape.

Who are the shareholders of Trump Media & Technology Group?

The investors of Trump Media & Technology Group (TMTG) include some institutional investors such as private equities and some individual potential retail investors as well. Here are the key details:

Here are the key details:

Donald Trump:

As the personality behind TMTG and the marketing of this social media, former President Donald Trump has a major piece of the cake of the cake of this organization. His possessive equity figures show 78.7m of shares. At the offer price of approximately $44.17 per share, the valuation of his stake lies somewhere between $3 billion and $4 billion. Please note that one invoice does not exist in real data.

Institutional Investors:

  • Lighthouse Investment Partners
  • D. E. Shaw establishes the D. E. Shaw & Co.
  • Radcliffe Capital Management

With the strength of these members on their side, the shareholders provide a key backing in the TMTG’s activities that helps in the company’s growth. Plans are for Trump Merge with Digital World Acquisition Corp will be the main source of fund raising for TMTG and may consequently lead to a big payout in favor of Trump himself.

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